The debt crisis will even slow down the locomotive of Europe. According to the Bundesbank's latest monthly bulletin, Germany will enter a period of economic difficulty in the coming months and next year could see its growth minimized.
In 2012 – according to the report – the German economy should register an increase in GDP of between 0,5 and 1% in 2012, a much lower estimate than the previous 1,8%. The central bank forecasts that the economy will have to be driven to a greater extent by internal rather than external consumption, considering the weakening recorded on the export front.
Il debtmoreover, it will drop in 2011 to 81,1% of GDP from 83,2% in 2010, but it seems destined to remain above 60% of GDP "for several years". The deficit is also improving, which this year is expected to drop from 4,3% to 1%.
